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Premature dance on dollar's grave
Published: 06 October, 2009, 16:55
Edited: 13 October, 2009, 06:00
The media jumped on the dollar-is-dead story, after Britain’s Independent newspaper reported plans by oil producers to stop selling in dollars within nine years.
The dollar is here to stay for the forseeable future. This is how the world has been organized and there is no mechanism to change this without creating a severe world monetary failure. I am sure that the independent bankers who own the federal reserve set it up that way along with strict secrecy. Americans and the U. S. government do not own the federal reserve. In a sense, the dollar already is a world currency owned by no one nation although the U. S. A. is liable for all it's obligations. This is a pretty sweet deal for the rich oligarchs. They get as much free money as they want and the American tax payers are liable for their obligations. In a perfect world this would be considered a crime {against the American taxpayers}.
I entertain the idea that we are in the midst of a currency war, and that the model is not too far removed from that of WWII, the world is at a very dangerous juncture. I do not for one second believe that Lehman triggered this financial crisis, nor that Americans “just borrowed too much”, this insane world doesn’t reflect a little misstep, this is no ‘normal’ recession. I happen to find Fisk’s article very plausible, although I tend to think that if the architects do not plan for the USA’s transition, WWIII will come first. My only disappointment is that they not just saying, lets give the world honest money and make it work… all of it. I don’t like anti or pro USA sentiment, I think the problem is greater than that, and I think countries now intervening in the inept bankers plan is desperately needed, and if not something like this, what is going to make the world spin, certainly not the global warming transfer pricing scheme, or the indebted and mismanaged dollar. I think the core to everyone’s problems is that the Dollar is not American and they almost mutually exclusive… we can save the USA or the Dollar, not both. I think our future depends very much on the bankers running the USA, will they choose the USA, or will they choose their love of money? I think it’s very dangerous to confuse Dollar loyalty with American patriotism and all sides would do well to take that into account.